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spring, maryland. in their video, they asked the president to make the economy and deficit reduction a party in 2013. >> we face the greatest challenge of all. a massive debt and exceeding the entire size of our company. >> the debt affects all of us. the nation is on the road to dallas -- two banker secured >> balance the budget now. >> it is a very big, political policy decision. does create large deficits into the future. we must reduce the deficit. >> it would affect a lot of people in a lot of different ways. >> it is time that we raise the bar. >> deficit is our our economy -- >> i'm pretty sure it has to do with the economy and the government. >> lack of something. debt. a debt that we can't pay. >> i really have no idea. although much of the younger generation is unaware of what he does that is, it is a factor in the nation, economy, and our future. >> stairmaster president, in order for the united states to the life ofbe in freedom and liberty, the growing deficit and debt should be the most important issue to consider in your presidential journey. isat the moment, our futur
below 2% gdp and bring down national debt dead relative to size relative to size of the economy in 10 years. brewster the nation's fiscal cut that tax loopholes that take a fair and balanced approach. at the same time the budget incorporates elements to speaker by last december. they make the difficult choices to find common ground. consistent with that offer come in the budget includes being the president would not put forward such as means testing command that a character in a related premiums and the more accurate the less generous measure of inflation. it includes proposals only so they come together around a complete and comprehensive package to shrink the deficit by $1.8 trillion over 10 years and are meant the fiscal uncertainty that hampers economic growth and job creation. this remark does not represent the starting point for negotiation. represent tagamet savings and additional roadrunners for those of the. the two cannot be separated and were not separated last december when we were close to a bipartisan agreement. this budget provides achievable solutions to fiscal p
them. >> rose: we close this evening with a conversation about the global economy with india's minister of finance. >> you see, we require massive investment to build our country. the bulk of it comes from domestic savings but we still require at a margin, foreign investment, for that brings technology. that brings invasion, that brings better management skills and management management practices. it opens new markets for us. it introduces us to new products. that is the advantage of getting fdi. >> the texas explosion,s bots to-- boston investigation and the global economy when we continue. >> rose: funding for charlie rose was provided by the following:. >> rose: additional funding provided by these funders. and by bloomberg provider of multimedia news and information services worldwide. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. . >> rose: we begin this evening with the explosion at a fertilizer plant in west texas which is near waco. here is the explosion which took place last night. at last count five people have died and mo
,s bots to-- boston investigation and the global economy when we continue. >> rose: funding for charlie rose was provided by the following:. >> rose: additional funding provided by these funders. and by bloomberg provider of multimedia news and information services worldwide. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. . >> rose: we begin this evening with the explosion at a fertilizer plant in west texas which is near waco. here is the explosion which took place last night. at last count five people have died and more than 160 injured. it produced ground motion equivalent to that of a magnitude 2.1 earthquake. the mayor of west said it felt as if nuclear bomb dded. buildings within a five block rad yux-- radius were damaged. the search for survivors is ongoing. investigators are trying to determine the exact cause of an explosion. a small fire is believed to have spread to fertilizer tanks. governor perry held a press conference earlier and here is what he said. >> also spoke to the local officials to make sure they have the supp
the economy to improve, but at a slower rate than the united states and develops nations. he's attending the g20 finance minister meetings. from the council on foreign relations, this is an hour. >> [inaudible] >> well, ladies and gentlemen, i'm cochair of the council on foreign relations, and we are privileged, indeed to have with us the honorable, highly experienced german government offiho crrently serving a minister o finance. you have the resumÉ, we are running late, and to maximize time for conversation, i'll be undipmatically brief, but let me say that minister has held four positions of chandler cole who served as federal minister for special tasks, head of the council and minister of the interior. under chancellor merkel 2005 to 2009 served as ministers of the interior. he is a long standing leader of the christian democratic union serving as its chair in 1991. he's bee a 1972 serving as parment ri whip from 1981-84, and in 1990, led negotiations for the reimplication of east east germ. he is proficient in economics of law, a doctor of law, and he's written a number of books most rec
, that doesn't involve risks to the government micromanaging the economy. if you say okay which is going to have a flat tariff of 10% or 20% or 30% whatever it takes to get to a zero trade deficit that doesn't introduce a lot of corruption or a lot of dangers bad policymaking because it's a very simple policy. it's just determined by an arithmetical formula and there's no opportunity for anybody to play games. one of the good things about it if you have a flat tariff, is if you had a 30% tariff on imported goods that's not enough to relocate the production of t-shirts that united states because cost is too great. it's great to relocate things like silicon wafer fabrication so would tend to relocate back to the u.s. high value capital-intensive skill intensive industries which is of course what we want to do. those are the industries that are high-quality -- high-quality into she wants to have and those are the industries that don't want to lose. i point that out just to point out that if you do get serious about protectionism, protectionism has a logic to it which if you understand what
. gold also had a positive day. but i believe the plunge in gold is a very good sign for the economy, just as it was in the '80s and '90s. in other words, some optimism. and senator marco rubio unveils the new immigration reform bill today. here's the key point. when we look at the benefits and score them dynamically, immigration reform will be a huge boost to the economy. "the kudlow report" begins right now. >>> first up tonight, president obama will travel to boston thursday for an interfaith service with bombing victims. more than 24 hours after two bombs ripped through marathon crowds killing three, wounding 170 others, investigators are still no closer to answers. late this afternoon, the fbi said no claims of responsibility have been received, and the search for suspects is wide open. deborah boxdy joins us now from boston with all of the latest. good evening, deborah. >> reporter: good evening, larry. i'm live here along boylston street in the heart of boston, about four blocks or so away from the marathon's finish line, where those two bombs exploded just one day ago. securi
in the current state of the economy. this is from fall of 2012. we will see if that changes post-boston and if those numbers go up. this goes to the earlier segment that you aired, this idea that the united states is compcent with respect to terrorism. i think the survey demonstrates it is among the things that people think about your it i also think that the law enforcement community is certainly not complacent when it comes to terrorism. the boston event was a security event. there's a lot of individuals covering that event, from federal, state and local. i don't think that boston happened due to complacency. i don't think we necessarily are complacent. m asink we have accepted ew facet of our reality, albeit one that does not happen that frequently. host: if you want to look at the numbers, you can go to start.umd.edu to get more information. bill braniff, from the national consortium for the study of terrorism & responses to terrorism. caller: good morning. i think these two crimes are quite separate. the man in connecticut was angry concerning his disease. he shot his mother
to affect business and the economy in the united states and what it all means for your money melissa: straight to our top story tonight, the city of boston, massachusetts, is still reeling following yesterday's horrific bombing near the finish line of the boston marathon. president obama speaking out today on the tragedy, calling the attack, an act of terrorism. now with the latest news out of boston is fox news's craig boswell. >> the bombs detonated at the boston marathon used six liter pressure cookers packed with shards of metal, nail and ball bearings. they were place inside a black duffel bag and set on the ground. >> we had an attack. >> doctors removed sharp objects from lower extremities of victims. >> many have wound mostly in the lower part of their body, wound rated to the place effect of the bomb as well as small metallic fragments. >> the two bombs exploded about 12 seconds apart. the first near the finish line where 8-year-old martin richard was there to cheer on his father. the little boy was killed in the blast. when he ran back to his mother,wo siblings. bill richar
because the economy s been desoying money since the real estate market crashed. it's an offsetting situation and it is reversible. if the private markets were creating welgts and thefederal reserve which is creating money, yeah, you'd probably have inflation. but there's proof in the balance of the cpi has been the flattest it's been -- >> somewhere, that this you're going through is going to meet. and that may spark it. but what you're saying is that gold is still way above an inflation curve? >> yeah, it's not thing -- look, i don't believe there's going to be rampant inflation. but iffyou do there is dozens of strategies that are not gold that will do a better job for an investor. especially a small individual investor who's not an institutionalized, billions of dollars to allocate -- >> like real estate? >> real estate remains the ultimate inflation hedge for the average person. you can buy at depressed prices, boht a $200,000 house with a $150,000 fixed rate loan for 3%, thank you federal government for backing it. if there's hyperinflation wouldn't that home be worth $1 milli
the attack may impact american business, our economy and our nation's capitol and overall national security. steve moore from the "wall street journal" wonderful to have you in studio. the politics dealing with the aftermath of a terrorist attack? how does it improve the tone of partisanship in washington. >> anytime you have a national attack like this people pull together. i was thinking of the two major issues in washington. lori: immigration and gun control. >> those are two we've been hang link over months and months if not years. that is interesting i think it could have negative impact on both issues. lori: how so. , if it turns out it is saudis or foreigners, it will, it will, play into this kind of nativist, keep the foreigners out mentality. that is going to be a negative thing. in fact some of the senators and congressmen already said that maybe we should slow down on immigration reform. lori: wow! all the debate on immigration was held behind closed doors with the "gang of eight". that itself was critical because of the lack of transparency. >> interesting just today the "gang o
by now if we were going to have it. and yet i keep on -- the fed is printing money because the economy has been destroying money since the real estate market crashed. it's an offsetting situation and it is reversible. if the private markets were creating welgts and the federal reserve which is creating money, yeah, you'd probably have inflation. but there's proof in the balance of the cpi has been the flattest it's been -- >> somewhere, that this you're going through is going to meet. and that may spark it. but what you're saying is that gold is still way above an inflation curve? >> yeah, it's not thing -- look, i don't believe there's going to be rampant inflation. but iffyou do there is dozens of strategies that are not gold that will do a better job for an investor. especially a small individual investor who's not an institutionalized, billions of dollars to allocate -- >> like real estate? >> real estate remains the ultimate inflation hedge for the average person. you can buy at depressed prices, bought a $200,000 house with a $150,000 fixed rate loan for 3%, thank you federal gov
to focus on the longer term fundamentals, which we still think are pretty good. the economy is still growing. earnings are still growing. the fed still pretty supportive. certainly volatility has picked up a bit this week. and we expect that to continue here in the nr term. >> that's what was going to ask you. assuming that this manhunt is solved and the suspect is apprehended this weekend, turning to monday, how do you think things are going to play out? what is going to happen next in the market? is volatility still going to dominate trading? are the markets going to go up? are they going to go down? what is your prediction? >> i think you have both macro and microtrends next week. as you said in the lead there, about 20% of companies in the s&p reported earnings. but it really gets heavy next week. we have about 170 companies in the s&p 500 reporting, and about ten dow components. and earnings have been mixed. they have been okay. topline has been a little soft. as bob pisani said, only about 45% of companies are beat top line. it reflects the sluggish global economy that we have.
in the economy and the lack of topline growth you're seeing from big companies reporting, like heather was referring to. >> rob, that was my point, really, is this change in market psychology. during the first quarter, that seemed to be how the market rationalized moving higher. even with a bad economic report, the fed is going to still be pumping out the $85 billion a month, so we shouldn't worry. but now we seem to be worried this week. what's going on? >> yeah, bill. i'm getting worried. i think the market psychology has changed a bit, so now we actually need good news to propel stocks higher, and i've been overweight stocks for 18 months now, but i've gotten a little more defensive here. i upgraded consumer staples, downgraded materials. haven't gone to an underweight on stocks yet, but i'm watching closely. as greg just mentioned, if the economic indicators are for the third summer in a row, turning down, this might be another sell in may, go away type summer. i don't think we're quite there yet, though. >> what are the most important numbers that we're looking at here, after the
the stock averages and they've been told the economy is doing great, so what's changed? you know, what's changed is that we got a little complacent. i think everybody looks at the market and says we weren't really fulling gauging what might happen if the economy slows down or doesn't speed up. i think today was just the wreck reckoning for a lot of those concerns. >> we've been in a period where people are expecting a correction from whatever highs we've been hitting here lately. do you think this is the beginning of that correction right now? >> i think we're certainly seeing a bit of a correction. i don't know how much more it has tooz, however, because fundamentally, we have very low interest rates and u.s. corporations are still posting record high levels of earnings against the backdrop of a weak global economy. if we get a big downdraft from whatever happens out of boston or some other factor, that's a real risk factor, but near term, very strong earnings, hard to argue with stocks with that backdrop. >> you just mexed the boston marathon incident. we doebt have the complete stor
. maybe this shows it is very positive from the standpoint of the economy, if you use dynamic scoring. if you use statics deploring it is not and cannot so well. -- static scoring it is not going to come out so well. i have a question for the other witness. you said this in your statement tionhis is aasnab. the obvious question is whether or not there are sufficient jobs for average americans and illegal immigrants. the answer is no. >> as i indicated to us recently. latere have a participation rate we have a supply of low-skilled labor. it appears that what do is leapfrogging those individuals. we have millions upon millions of americans, not just black americans, but millions upon millions who do not have a job right now. i think it is a good idea to inform -- to reform immigration system but regard must be given to the fact that we have an over abundance of people not working today. we are at rates we have not sn in 80, 75 years. it is astonishing. if we have regularize asian of a greater pool of individuals who can compete on a one by one basis with americans here today those indi
closer. wherever you are today, idelity's guidance can help fine tune your personal economy. fidelity investments. here. >> at union bank our work hard p managers to know your business. offering specialized solutions in capital to help you meet growth objectives. we offer expertise and tailored solutions for small businesses corporations. what can we do for you? watching gmt on "22 news." attack on u.s. soil since 9/11. today. our focus what should have been a moment of joy turned to a time of carnage. president obama says justice will be done. > make no mistake, we will get to the bottom of this and we and find out who did this we will find out why they did this. >> the devices exploded near line a favorite spot for spectators. manythan 140 were injured, in a criminal conditio-- critic condition. people started throwing down the barricade and running over each other. ran the other direction. >> the f.b.i. has taken control investigation. the big question, was it international or domestic terror? aaron is here with business and talking music. >> it is all about how do you get your mu
of tumultuous, russia's president is coming under controver controversy. while russia's economy hadn't performed badly last year, falling commodity prices risk pushing the country into recession. these comments come just hours after president putin threatened to fire officials for not following his orders on public spending. geoff cutmore is outside this event. what are you hearing about these concerns and the russian economy overnight? >> reporter: absolutely. fascinating issue. we clearly see some risks emerging in the russian government at this point. and i just want to put that issue to one side for a moment. because i have with me li jiaoung. he is a former chinese minister. i'm fortunate to get the opportunity to talk to him at this event. thanks very much for speaking to me. if i could just start off by asking you, clearly, the world has been focused on the terrorist events in boston and this tragic, very un pleasaplea event. i wonder if you could dwifs a perspective from the chinese point of view here because nobody wants to see terrorism and in particular i think the chinese have an int
. this looks that the impact on jobs and the economy. >> immigration. the average american wants to -- >> grace wiseman second place winners in the student cam, petition. their message look set a legal immigration and the impact on jobs in the u.s. economy. >> immigration, allowing people to enter our borders can be beneficial to immigrants and the rest of the country. >> when it comes to immigration, it is not right versus left, republican vs. democrat issue. it is those who have power to influence policy. and the average american heart regardless of political affiliation does want to see immigration laws enforced. amnesty. chris immigration laws. take up the highest unemployment rate right now is the young people. -- >> the highest and a plummet right now is the young people. the problem is is the way we have done it, they do not pay tax. you have to pay tax. and the employer would pay the tax. a ford are did not pay because it will not be here -- foreigner does not pay because they will not be here long. but we did not have the employer pay either. if the employer hires you, you will have to
years, union bank, and fidelity investments. >> your personal economy has made up of the things that matter most, including your career. as those things change, fidelity can help you readjust your retirement plan. rethink how you are invested and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices that can take your personal economy. fidelity investments. turn here. captioning sponsored by macneil/lehrer productions >> woodruff: law enforcement officials say the surviving suspect in the boston bombings has admitted he did play a role in the attacks, and they believe he and his brother acted alone. good evening. i'm judy woodruff. >> ifill: and i'm gwen ifill. on the newshour tonight, we get the latest on the investigation, and the condition of dzhokar tsarnaev, upgraded today to fair. >> woodruff: plus, jeffrey brown examines the lessons learned for public safety officials about security at big events and gatherings. >> ifill: then, a powerful democrat, montana's max baucus, is the eighth senator to say he won't see
or does it matter if an economy will print or grow or whatever? >> the study which said once government debt hits 90% of gdp growth goes off a cliff has been thoroughly discredited and they must kick themselves that they made a mistake on the spreadsheet. people pay attention to the paper which has just come out that shows that this is a pretty sloppy piece of work. the conclusion drawn in terms of the impact of high debt to growth has been basically discredited now. it's fairly clear that governments have a lot more scope to deal with problems. >> was china wrong to pursue this strategy then to help cushion the effect of the global financial crisis and even though people are quite concerned about it including some of the chinese themselves, it sounds like from what you're saying all things considered you don't see a hard landing or crisis as a result. >> as you always say in china, it's too early to tell. i think they have a margin to get things right. if you look at greece, they went into european monetary union and have this lovely window to fix things. a lot of credit with foreign i
includes a substantial drop we experienced with the recession in 2008 and 2009 and a fairly week economy since then. it says that people do value hard copy correspondence from businesses. they want that information in hard copy and they're resisting the idea of going totally digital. we've heard of people that did do that and either piss manied a payment or got nervous and said hey, start those bills back up again. don't write the obituary for first class mail. it accounts for $28 billion of revenue for the postal service today and i guarantee you it's the going to be around for a long while. the most promising part of our business in terms of growth is package delivery, which is up ricin threat. mail got delivered. you saw what happened with hurricane sandy, the mail got delivered. day in and day out, do an excellent job and the postal service plays an important role in the american economy but today it has a business model that is broken. the good thus -- news is that it can be fixed. it requires we ask fundamental questions about what kind of postal service is best for america in the
agricultural workers to seek nonfarm jobs as economy improved in the 1990s. the special agricultural workers who left farm work were replaced by new arrived unauthorized migrant. by 1997 and 1998 it was estimated that the special agricultural workers were only about 16% of the crop workers. so, mr. connor, aren't we afraid or shouldn't we be afraid giving legal status to people here illegally will repeat the mistakes we made in 1986 putting the ag industry in the same position in the long run. in other words it comes about because of farmers come to us and they need workers. okay. we bring in the workers. then they migrate someplace else and people illegally came in after wards. how do we avoid the mistake we made in 1986? >> senate grassley, your question is a great question. it's -- it goes to the heart of fundamentally of the basis of our negotiation that on o- curing in senator feinstein's office. the blue card program for the current existing trained work force is an important component. equal we don't know with absolute certainty over the next decade or so what is going to be the statu
insight on the global economy, as well as the impact of new security concerns in light of the tragic and deadly bombings in boston. >> yeah, it was of course, at this hour when we first learned yesterday of the horrific events unfolding in boston. that is where our scott cohn is right now with the very latest. scott, one day later, what can you tell us? >> reporter: maria, 24 hours after the horrific attacks, it is still an intense crime scene behind me, as authorities try to search for any clues about who did this and why. u.s. attorney general eric holder out with a statement a short time ago, again, calling on the public to help, saying no bit of evidence is too small. they are looking for cell phone video, anything that can help them figure out and piece the facts together. we also know that the boston athletic association, which stages this marathon every year, had three surveillance cameras at the finish line. the company that provided those cameras under a sponsorship agreement tells cnbc they are cooperating with authorities. we will see whether that yields anything, but what
economy looks like. and as life changes, fidelity can help you readjust your investments along the way. refocus as careers change and kids and head off to college. and rebuild your plan. wherever you are today, fidelity's guidance can help you refine your personal economy. turn here. >> at union bank, our relationship managers work hard to know your business. offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? and now bbc world news america. world newsbbc america. reportingrong am katty kay. they hav endured. residents of boston have been warned not to go outside as police search for the suspect in the boston marathon bombing. the father of the boys defenses son -- his sons. >> only god almighty knows what really happens. >> we still do not know what motivated the attack. did the brothers of the lawn or is it part of a wider terror -- did the brothers act on their own, or is it part of a wider terror plot? we talk to the man in charge of homelan
each other's lives. it is of a free market economy that grants everyone a fair chance and an unfettered start in the race of life. it is of a voluntary civil society that strengthens our commuters, protects the vulnerable, and minds the gaps to make sure no one gets left behind. and it is of a just tolerance and sustainable federal government that protects and complements free enterprise and civil society rather than presuming to replace them. this vision will not realize itself. the left, the inertia of the status quo, and the entire economy of this city stand a raid against it. realizing it will sometimes require conservatives to take on entrenched interests and policies and political third rail. many of these will be interests traditionally aligned with and financially generous to establishments within both political parties become sometimes it will require us to stand up for those that no one else will. the unborn child in the womb, the poor student in the failing school, the reformed father of my wishing in prison, the single mom trapped in poverty, and the splintering neighborhood
rights prevail our countries where people do better, economies thrive, rule of law is stronger, governments are more effective and more responsive, and they are countries that lead on the world stage and project stability across their regions. strong respect for human rights isn't merely an indicator that a country is likely doing well. it actually unleashes a countries potential, and it helps to advance growth and progress. so i ask you just to think of the country like burma for a minute. because of steps towards democratic reform and stronger human rights protections, a country that had been isolated for years is now making progress. as it reached where we wanted to be? know, but it's on the road. it's moving. and more people are contributed economy and participating in the government, leading toasr growth andnt. and by starting to embrace universal rights, the burmese government has opened the doors to a stronger partnership with their neighborhood and with countries around the world. many challenges remain. corruption has to be rooted out. remaining political prisoners nee
plans down the road. it's a fox business exclusive and a good read on the economy. that's next. as the an anticipation for apple earnings reports mount, we'll look at the best selling mobile phones, not just now, but of all time. phones that you may be surprised to see that app iphone is not in the top three. stay tuned. ♪ ♪ @ why are 8 million people why are 8 million people sleeping better tonight? they went to a sleep number store. the only place in the world you'll find the sleep number bed. a bed with dual air technology that allows you to adjust to the support your body needs. each of your bodies. the only place you'll find our bed-clinically proven to help each of you slee more soundly. and the only place you'll find sleep professionals that will help you find a number that will change your life. your sleep number setting. you won't find any of these innovations in an ordinary mattress store. you'll only find sleep number at one of our over 400 stores nationwide. and now you can save $400 on the only memory foam bed with sleep number technology that adjusts to e
to securing our borders, just starting our economy, and ensuring for access to that great american dream. the current status quo on immigration makes no sense. we turn away people from entering the country who could create thousands of jobs and let in people crossing our borders who take away jobs. our approach is balanced. the border security triggers are strong, but achievable. the path to citizenship is tough, but it is accessible. yes, our bill does secure the border first, but it treats the situation of those living in the shadows as an equally urgent priority. this is by design. we believe that americans will support sensible solutions to dealing with the undocumented and future legal immigrants, but only if they are convinced there will not be future waves of illegal immigrants. when the 11 million come out of the shadows and it will not only improve their lives and their families' lives, it will strengthen our country and its economies. in fact, conservative economist douglas holtz eakin has found that immigration reform will save taxpayers $2.7 trillion. we wanted this legislati
they will have going forward on our economy. dagen: peter barnes has much more on this. peter: we looked at research reports on the impact of attacks of 9/11 back in 2001. the current economy has shown some softness recently in job creation and retail sales. any hits to consumer confidence may make things worse. two economists that i have talked to this morning do not think it will get too bad. the 9/11 attacks were targeted for the financial systems. consumer confidence rose sharply after the 9/11 attacks. experiencing the biggest monthly drop in a decade. the attacks caused more than 400 mass layoffs and displaced 130,000 workers. industrial production fell back then. the unemployment rate jumped more than a half a percentage point. we were already in a recession that september. we are not in a recession today. boston is not an economic center. >> maybe a day or two people will be hesitant about going out shopping. assuming nothing else happens, it should last much longer. peter: it could take a short-term hit because of boston. they are more worried about the impact on the economy and
that it doubles down on a dead end energy policy that's hurting our economy, hurting our environment and our health. burning fossil fuels is a primary cause of climate change, and we simply can't afford to continue down this destructive path. it makes far more sense to focus on developing the clean, renewable energy technologies that we all know we're going to need down the road. developing these technologies will create quality, long-term jobs that can't be shift overseas. it's good for business. it's good for our planet. it's good for our national security. there's no reason why we can't put aside our differences and take action to promote a clean energy future. it's what our constituents sent us here to do. our window of opportunity is rapidly closing. the time to act is now. and i yield back. the speaker pro tempore: the gentlewoman yields back. for what purpose does the gentleman from california seek recognition? >> madam speaker, i ask unanimous consent to address the house for one minute. the speaker pro tempore: without objection, the gentleman is recognized for one minute. >> madam
a majority in congress since 1997. the mexican economy has expanded mexican have maintained growth since 2009. fromdp has increased $7,979 in 2009, to 2146 in 2011. in purchasing above 15,500. on gdp growth, almost four%, a higher rate, and is expected to grow 3.5% in the year. this is measured by j.p. morgan. mexico is also taking care of its people. the brookings institution has highlighted that 60% of mexicans are middle class. by 2030, 80.5% of mexicans will be middle class. housing has increased more in the early 1's. all of these factors that have taken place review the immigration pressures of the past. academic think tanks estimate that net migration between mexico and the united states is close to zero. a recent survey shows only 11% of mexicans say they would leave mexico if given the opportunity. a decline of about half from a 31% 2007. -- in 2007. over the last few years, our common border has increasingly become an area of prosperity. more more dynamic and secure than it has ever been. four in the united states and six in mexico, have a population of 92 minute -- 90 million peopl
enough to keep united states competitive in our global economy. >> in order to get an outside opinion about what is going on in america, i travel to germany where i met a man who gave me -- who told me how things were done in germany compared to america. there are many specialist in america, but our system in germany is very dynamic. our workers are used in very many areas of the work. my american rent was supplies -- see the same staff. all three eggs are learned in the apprenticeship area it is the world -- apprenticeship. >> apprenticeship? not good enough? i needed an explanation. that is what i spoke to the headmaster of whence mr. -- of westminster academy. >> one of the challenges is that changing. it was a time in which the mother, father, children, could be the home in which they would be growing up with both parents. now when students go to school they only have one parent or there are issues in the home, they are bringing those challenges into the classroom. i think what schools should do is help children love to learn, love to read, become thinkers. become problem solvers.
manufacturing sector, creating new jobs and growing the economy for american families. energy is the foundation of our economy. we need to focus on the promise of prosperity. north american energy prosperity and the abundance that it offers to our country. america's greatness is tied to our freedom to produce and build things. republicans have a plan to grow our economy by making america a nation of builders once again. we want to streamline our government, cut red tape, and unleash the power of north american energy. with these things we can revitalize american manufacturing, and foster long-term economic growth and job creation for our citizens. lastly, we're determined to get to the truth regarding the terrorist attack on our nation's in benghazi, libya. in which three americans lost their lives. last year, i directed five committees to look at there is parts of this investigation. the next week, these committees will provide a comprehensive progress report on the investigation up to now. and this progress report will not represent the conclusion of their investigation, but it will be the be
the economy french economy is in. now, the german survey responses say the economies were worried about the impact prices. in france, they're much more domestically focused with some suggestions that things couldn't get any worse. >> well, the domestic situation is already a known negative. just to recap for viewers, as well, the composite, which includes both the services and is manufacturing, pmi came in at 46.5 in april for the eurozone. that was just ever so slightly above the 46.4 estimate and manufacturing came in 46.5. the services figure was 46.6. but, again, it's some of the weakness in the core economy of germany that's catching the market's attention this morning. the euro weaker, the xetra dax off by about 0.2%. we're going to get some uk data out at 9:30. also coming up on the show, the how companies are battling to take a foothold in the alternative energy market in china. then at 11:10, we'll be joined by jim o'neill as he nears the end of his tenure at goldman sachs. we'll get his best and worst investment calls from his time in the city. we'll hear up for earnings from
say that the last ten years has been very bad for the economy. we've lost a lot of valuable resources and a lot of the momentum that we've had on. before, we had open markets and entrepreneurship and that's what helped china succeed. we have to go back to market forces as well as fight construction. >> so juan nubol there talking about the last decade. he was the guy that tried to buy 300 kilometers of ice and is we'll talk about that a little later, as well. clear now there is a hope for reform. i'm pleased to say kung mingh, the founder of lenovo who bought the business from ibm, he explained to eunice what he wanted from private reform to help private business in the country. >> translator: my view is that the chinese government should adopt a more systemic and comprehensive approach, for example, how to escape a better sense of reform in this country so that the public will have more confidence in ensuring the culture of mutual trust can be established. >> what's interesting is that this group, also becoming more influential in political circles. we'll hear a little later from the
and the free enterprise piece of this which gives our economy most vigor and i would advise people that are preparing to take the nationalization test, that's a choice by the educational foundation to understand our history and language, one of the questions that will be there, what is the economic system of the united states? the answer to that is free enterprise capitalism. that's what gives our economy its vigor. and when we move away, when we move towards government management of our economy, government bailouts, government deciding who is too big to allow o fail, so much of our economy loses its vigor and we lose some of the promise of the great american civilization. another piece of this also that i speak to relatively often, mr. speaker, and that is american vigor and last component of the american exceptionalism that i'll list here tonight. american vigor, where does that come from? well, we have natural-born american citizens that are part of the civilization and culture. and they are -- and these natural-born american citizens are the did he sent ants who came here with
improve their lives and their families' lives, it will strengthen our country and our economy. the server the would- conservative economists has found that -- the leaseholds beacon has found that immigration reform would -- would save the country $11 billion. the bill has been online since tuesday night. we will not begin marked up until the first week of may, giving everyone three weeks to read this bill and prepare amendments. chairman patrick leahy has pledged an extensive markup. the committee improves -- include some leading opponents of immigration reform, who will have a chance to challenge our ideas. this ensures the bill will emerge from committee battle tested. we will have a full debate on the floor. senator harry reid has pledged to take it up no later than june. as with any compromise, no one got everything they wanted. there were moments when it looks like an agreement would not come. the negotiations over its future flow program were particularly intense. realizing the high stakes, the business community and organized labor rows to the occasion. richtom donahue and trumpkin
francisco, oakland, seattle, and tacoma combined, upon which a bulk of the u.s. economy relies. we must strengthen recovery in the event of a biological attack, which is still the most worrying threat out there. we need to make sure that the public understands the nature of these threats and how it can help identify and respond to them. above all, it needs to understand how not to respond to them. when bad things happen, it's easy to react out of fear, emotion and anger. let's hope that in boston this week we begin to chart a different course. for more on this, you can read my column in a special edition of "time" magazine on the tragedy in boston. let's get started. >>> joining me now the man who runs the biggest police force in america and one of the country's best intelligence divisions, ray kelly, the commissioner of new york. what do you have to tell us in the aftermath of this? is there a heightened sense of danger? are you seeing threats proliferate? >> no, we haven't seen an increase in threats, but our operating assumption is that we're always at risk. we're a city that obvious
're going to talk markets, the economy and much, much more. stay tuned for that and a lot more. >>> welcome back. now to the markets. it's going to be a big weekend ahead. joining us, lou brian. lou, place your betts. more likely up or down for the dow this week? well, you know what? i tend to look technically at the s&p instead of the dow. >> how about the s&p? it's a broader market index, even better. >> all right. i think that the interesting thing is that where the s&p held last week, this 1540 is a mark that held in march and early april and, again, last week, we went just a little below it. also in play around that level is the 50-day moving average which held the market a couple of times. if you're looking to get long on a tray, that's not a bed level because you kind of know where you're wrong when it goes underneath that. i think the interesting thing with the stock market is that it's really the only market right now that's playing along with the fed's qe brochure. don't fight the fed. buy on fed accommodation. the crude oil, the gold, copper, various commodities are lower since t
. part of it is the economy. improving economy in the united states tends to attract people as well. we just haven't seen that, but monitor those flms -- numbers. we have -- the thing that troubles me the most is the smugglers who do this for profit, who are taking creative routes either up through the bahamas, we're seeing haitians being run through puerto rico right now. so it's a constant battle as the smugglers get smarter and daring. they are smaller than the land border. >> the smuggler industry, for lack of a better term, is that on the increase, is that on the decrease? what's the trend? it's an recollection spencive undertaking. my understanding is they charge thousands of dollars per person they bring. is that something we've seen an increase in or decrease and if we've seen a decrease, is it because of economic factors? how do we stop these? it sounds like a fast boat through the middle of the caribbean is not something we would necessarily stop. >> i think flow of migrants, it's similar to the flow of drugs. people are very creative. yes, we've seen an increase in those peop
$100, and in september of 2011, copper price a reflection of the week call for the global economy, china news earlier this week, bearish, copper prices down 6%. if you're looking for gains, the agricultural sector saw some, and, and natural gas of 4 present. and someone you did the action in today's session. and $100 from the close of around $400 a troy ounce. and gold will average 1450 a troy ounce, in 2014. we also see reports of stronger jewelry demand, gold has come down significantly, some buyers stepping in at these levels and copper falling out of favor of this week on weaker reports out of china and also copper is down 6%. lots of volatility, wrapping up the week more muted reaction. melissa: let's check the markets and go to the stock exchange. lauren simonetti is standing by. >> the volatility sandra is talking about is the volatility we are seeing here on wall street. what a week. the dow can't seem to stay or get into the positive at this hour but the nasdaq and the s&p are higher, this has been the worst week of the year for all three major averages, the worst week si
it is harming the economy to pay too much tax? >> yeah. we all know that. the other point is that we have a big fragmented tax system. so i want to add up not just federal income taxes but there is federal, state income taxes, local income taxes, property taxes, estate taxes real estate transer it taxes, sales taxes. taxes you pay for your employees. when you add it up you're likely paying more than you think. the alternative minimum tax to make sure people don't end up paying nothing, we need an alternative maximum so make sure in the end we need to keep some of your income. melissa: that would make logical sense. peter, let me ask you. what is the maximum? at what point do you start doing harm to the economy? i think it is like 20%. but i think i'm a little low versus everyone else. >> well, sure think there. small businesses in new york city that mom-and-pop luncheonest on second avenue, they're paying marginal rates between the federal and state and payroll tax just there of over 50%. what is their incentive to put more capital at risk and expand and hire more people? it is not very good. b
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